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Potential EB-5 Backlog Predicted for Chinese Nationals
Recently, the Department of State announced that the annual maximum number of EB-5 visas allotted for Chinese natives had been reached. This means that EB-5 visas were unavailable for natives of China until the start of the new fiscal, which began on October 1, 2014, but there may be a few additional effects. One potential… Read More
Proposed Legislation Seeks to Extend EB-5 Visa and Eliminate Country Caps
In May 2014, Congressman Aaron Schock and Congresswoman Tulsi Gabbard announced bipartisan legislation pertaining to the EB-5 visa program. They propose permanently extending the EB-5 program and eliminating the current country caps. The bill, H.R. 4659, was assigned to a congressional committee which will consider it before possibly sending it on to the House or… Read More